341
128 shares, 341 points

Florian Grummes, Manager of Midas Touch Consulting, and InTheMoneyStocks. com’s chief market strategist, Gareth Soloway, spoke about Bitcoin at the Future Blockchain Summit in Dubai. We examine the long, medium and short-term predictions of the leading crypto money of famous names.

“parabolic movement is coming” in Bitcoin (BTC)!

While famous names were making predictions for Bitcoin’s short-term and long-term price movement, the issue of whether the biggest crypto currency should have inflation protection came to the fore. Seeing Bitcoin price heading towards the next $100,000, Grummes said that in the short term, the price momentum is too strong to warrant a major correction by the end of the year. “I think it looks like we’re going to run to $100,000, and I think we’ll see even crazier crypto parties by the end of the year,” says Grummes, who says “the last parabolic move is brewing” in Bitcoin.

Cryptocoin. com

As we reported , Grummes was previously short-term bearish, but has since changed his stance after the recent spike in prices. He says that once it hits $100,000, the momentum may stall and a “crypto winter” could be seen next year. In other words, it implies that prices will remain stagnant for a while from 2022. When asked whether Bitcoin will again be the top performing asset in 2022, Grummes replied, “I doubt it.”

Soloway sees Bitcoin climbing to $500,000 in the long-term due to the collapse of the current monetary system, but says that in the short-term, the price may be a little more volatile. “65. As long as we stay below $000, while I’m bullish in the long term, I’m on the bearish side in the short term,” he says.


Like it? Share with your friends!

341
128 shares, 341 points

What's Your Reaction?

hate hate
1104
hate
confused confused
613
confused
fail fail
245
fail
fun fun
122
fun
geeky geeky
1226
geeky
love love
858
love
lol lol
981
lol
omg omg
613
omg
win win
245
win
Michael Lewis

Emperor

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format